Debt Payoff Tracker

There are, and some are fine. The difference is what has been checked. This file was built from scratch, then every formula in it was recalculated by a separate checker that compares each result against an independently worked-out answer — 23 of them here. A template that looks right and totals wrong is worse than no template at all, and that is the usual failing of one downloaded from a search result.

It also opens with sample rows already filled in, so you can see every formula working before you touch it, and it is set up to print without fighting the page setup. No email wall, no signup, no watermark, and you can use it commercially.

Listing every debt in one place is the first step to getting rid of them. This Excel debt payoff tracker takes each balance, APR and minimum payment, and works out how many months each debt takes to clear and how much interest it costs if you only pay the minimum.

It orders your debts snowball-style, smallest balance first, and names both the debt to clear first and your highest-APR debt.

List every debt. Clear the smallest balance first, then roll its payment into the next — that is the snowball. Months to clear assumes you keep paying the minimum only.

The file opens with sample rows so you can see every formula working before you change anything. Type your own figures over them. When you need more rows, insert them inside the existing block rather than underneath it, so the totals keep covering every row.